The market is dropping with no sign of a bottom anytime soon, and some big-name Buffett stocks are starting to get close to the point of being reasonably valued. Not that they are buys yet, but another week like this and they may be very interesting. You want to think financials, and maybe even a little razor blade company you might have heard of. They're not there yet, but its time to pick a price where you'd make your stand. If that price is 30% below where the stock trades today, fine. Be patient. It probably doesn't get there, but if it does, you want to be ready to pounce. This seems like the perfect forum to have such a discussion. What is the wish list, and what are the target prices?
I'll start with Gillette at 30
Nike at 30 (I think this gets there within a few weeks, so start researching now)
And American Express and Merrill Lynch at ?
Coke isn't even close, but Pepsi is.
What's your Buffett wish list?
Jim |
